BUSINESS NEWS WITH CONSOLATE NAMYALO PROUDLY BROUGHT TO YOU BY STANBIC BANK: Statistics indicate Uganda Securities Exchange registered a decline of shs2.5 billion in turnover in the first quarter of 2014 and this has been as a result of lack of major corporate activities like new listings on the stock exchange. Investors have faulted Uganda Investment Authority over missing facilities at city industrial park in Namanve.The investors are of the view that government installs facilities like water,power and access roads before serious business starts in the area. With the aim of attracting travel agents and tourists from North America to Uganda,tourism partners are stretching out to enable them get the actual on- ground reality about Uganda as a peaceful and beautiful travel destinations. A Ugandan by the name Christopher Ategeka has been named in the world social Entrepreneur under 30 years Forbes list.Ategeka manufactures bike and motorcycle ambulances and distributes them to local hospitals,NGOs and government clinics. ELSEWHERE: KFC owner Yum Brands’ profits have been boosted by China recovery.KFC has reported an 18% jump in first quarter profit,helped by a rebound in sales in China. TECHNOLOGY: Hitachi has said it will install a lift capable of reaching speeds of 72km/h(45mph) into a skyscraper in Guangzhou,Southern China.The lift,the fastest in the world will take 43 seconds to go from the first to the 95th floor.It is scheduled to be completed in 2016. FOREX RATES: Currency Buying Selling USD 2,509 - 2,519 GBP 4,221 - 4,238 EUR 3,462 - 3,475 KSH 28.85 - 28.96 TSH 1.53 - 1.54
Posted on: Wed, 23 Apr 2014 12:17:53 +0000
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